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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Antrim Energy to Shed U.K. Subsidiary in $53 Million-Dollar Deal

First Oil Expro Limited Antrim Energy, Inc.
AnnouncedFeb 8, 2014
TypeCorporate
LocationUK OIl & Gas
Announced Date
February 08,2014
Transaction Type
Corporate




Snapshot
Location
Region
Europe

Country
United Kingdom

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Antrim Energy Inc. has entered into an agreement with First Oil Expro Limited pursuant to which, subject to the terms and conditions of the Agreement, FOE has agreed to purchase from the Company all of the issued and outstanding shares in the capital of Antrim's UK subsidiary, Antrim Resources (N.I.) Limited (ARNIL) for $53 million in cash, plus the assumption of certain liabilities and adjusted working capital, from which Antrim will settle on closing all outstanding obligations under its Payment and Oil Swap agreements with Credit Suisse AG and Credit Suisse International.

Under terms of…



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